PL

POLAND Aviva sells Wrocław Business Park to Panattoni

Warehouse & industrial
Panattoni has acquired Wrocław Business Park from Aviva Investors.

Wrocław Business Park comprises two warehouses with app. 9,500 sqm gla and a 10.5 ha development site.

It is situated at ul. Bierutowska 55 in an established industrial and commercial area in Psei Pole district, north of Wrocław city centre. Companies operating in this area include Whirlpool, UTC Aerospace System and Bosch, while Raben, DHL and TK Maxx also have warehousing facilities.

The final value of the deal has yet to be disclosed. Aviva Investors was represented by Avison Young throughout this transaction.

The industrial market is currently thriving with the total investment volume outperforming results from 2019. The Covid-19 pandemic has also accelerated rapid development of e-commerce market. This trend is also reflected in the increase of investments in city logistics schemes. Wrocław Business Park is a great example of such an asset: an in-city location with great accessibility enabling fast transport within the city of Wroclaw as well as to many destinations in Poland.
Bartłomiej Krzyżak, the director of investment at Avison Young

Wroclaw Business Park is currently 100 pct leased to three tenants: FedEx Express, Topus and DHL.

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